Dow Jones holding key support at 25420/460 re-targets 25500
|Emini Dow Jones _ Nasdaq June contract
Emini Dow Jones holding key support at 25420/460 re-targets 25500, minor resistance at 25550/560 & perhaps 25640/650. Watch strong resistance at 25750/780. A break above 25800 meets a selling opportunity at 25930/960, with stops above 26050. Failure to hold above 25400 keeps the pressure on for 25320/300. Below 25290 retests the 25215 low. A break below 25200 targets 25125 & 25000/24980. A break below 24950 targets 24870/850.
Nasdaq holding above 7435 re-targets 7470/80 with a selling opportunity at 7505/15. Stop & reverse in to a long above 7530 to target 5770/80, perhaps as far as 7610/15.
Holding below 7420 re-targets first support at 7395/90. Below 7370 targets 7320 before the 7290 low. A break lower in the short term bear trend targets 7275 then 7235/25. A break below 7210 targets strong support at 7170/60. Longs need stops below 7130.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.